Strategy buys $2.4B in bitcoins using proceeds from preferred stock sale
Main Idea
MicroStrategy (NASDAQ:MSTR) has acquired approximately $2.4 billion worth of bitcoins using proceeds from the sale of its new preferred stock, STRC.
Key Points
1. MicroStrategy purchased around $2.4 billion worth of bitcoins.
2. The acquisition was funded by the sale of its new preferred stock, STRC.
3. The company announced the closing of its initial public offering of 28,011,111 shares.
Description
More on Strategy Strategy: The $84 Billion Bitcoin Flywheel Strategy's 4th Preferred Stock: STRC Is Here To Attack Money Market Funds Strategy: Still Sticking With Series A Preferreds Strategy makes no bitcoin purchases in past week Strategy prices ~$2.5B STRC preferred stock offering, shares down
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